Earnings Per Share

3 Months Ended

Mar. 31, 2023

Earnings Per Share:

Basic and diluted earnings per share for the three-month periods ended March 31, 2023 and 2022 are calculated as follows (in thousands, except per share amounts):


	Three Months Ended March 31,
		2023		2022
Basic earnings per share
Numerator:
Net income attributable to Albemarle Corporation		$	1,238,580	$	253,383
Denominator:
Weighted-average common shares for basic earnings per share		117,232		117,066
Basic earnings per share		$	10.57	$	2.16

Diluted earnings per share
Numerator:
Net income attributable to Albemarle Corporation		$	1,238,580	$	253,383
Denominator:
Weighted-average common shares for basic earnings per share		117,232		117,066
Incremental shares under stock compensation plans		609		587
Weighted-average common shares for diluted earnings per share		117,841		117,653
Diluted earnings per share		$	10.51	$	2.15

At March 31, 2023 there were 51,316 common stock equivalents not included in the computation of diluted earnings per share because their effect would have been anti-dilutive.

On February 23, 2023, the Company declared a cash dividend of $0.40, an increase from the prior year regular quarterly dividend. This dividend was paid on April 3, 2023 to shareholders of record at the close of business as of March 17, 2023. On May 2, 2023, the Company declared a cash dividend of $0.40 per share, which is payable on July 3, 2023 to shareholders of record at the close of business as of June 16, 2023.